on PREATONI GROUP (EPA:MLPRG)
PREATONI Group: 2024 financial results and 2025 outlook
The PREATONI group, listed on Euronext Paris, announces a decline in its financial results for 2024, with a group net profit of -€14.7 million, compared to €1.3 million in 2023. This decrease is mainly due to new accounting rules related to the Time Share activity in Egypt, negatively impacting revenue by €4.6 million.
In the Hospitality/Tourism sector, performance was impacted by high inflation in Egypt and the devaluation of the Egyptian pound. Meanwhile, the Real Estate Development division is projecting property sales for 2025 and 2026.
Significant progress is expected by 2025, particularly thanks to increased sales at the Pro Kapital Grupp subsidiary and the completion of several projects in the Baltic States.
R. E.
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